Dear day traders,
I would say it is a good time to get an entry. Both the SMI and RMI show sign of an uptrend.
Just a warning that this might not be a profitable long because although we made a higher low, there is no guarantee that we can make a higher high this time due to the 4h chart showing weakness overall so make your own decision.
I am already in a long position and watching the next target which is previous high 8989.
I will update on this position in this idea. Stay safe traders!
I would say it is a good time to get an entry. Both the SMI and RMI show sign of an uptrend.
Just a warning that this might not be a profitable long because although we made a higher low, there is no guarantee that we can make a higher high this time due to the 4h chart showing weakness overall so make your own decision.
I am already in a long position and watching the next target which is previous high 8989.
I will update on this position in this idea. Stay safe traders!